; ForgeRock, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)

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CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Class A and Class B common stock and Common stock
Additional paid-in capital
Accumulated other comprehensive income
Accumulated deficit
Beginning balance (in shares) at Dec. 31, 2019 31,145,475        
Beginning balance at Dec. 31, 2019 $ 139,734        
Redeemable convertible preferred stock          
Series E-1 redeemable convertible preferred stock issuance, net of issuance costs (in shares) 9,697,144        
Series E-1 redeemable convertible preferred stock issuance, net of issuance costs $ 91,769        
Ending balance (in shares) at Sep. 30, 2020 40,842,619        
Ending balance at Sep. 30, 2020 $ 231,503        
Beginning balance (in shares) at Dec. 31, 2019   23,716,033      
Beginning balance at Dec. 31, 2019 (150,502) $ 24 $ 14,660 $ 7,599 $ (172,785)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation expense 3,751   3,751    
Exercise of common stock options (in shares)   650,919      
Exercise of common stock options 808 $ 1 807    
Unrealized loss on available-for-sale securities 0        
Foreign currency translation adjustment 5,826     5,826  
Net loss (43,763)       (43,763)
Repurchase of shares from employees (in shares)   (310,932)      
Repurchase of shares from employees (1,516) $ (1) (37)   (1,478)
Ending balance (in shares) at Sep. 30, 2020   24,056,020      
Ending balance at Sep. 30, 2020 $ (185,396) $ 24 19,181 13,425 (218,026)
Beginning balance (in shares) at Jun. 30, 2020 40,842,619        
Beginning balance at Jun. 30, 2020 $ 231,503        
Ending balance (in shares) at Sep. 30, 2020 40,842,619        
Ending balance at Sep. 30, 2020 $ 231,503        
Beginning balance (in shares) at Jun. 30, 2020   24,002,575      
Beginning balance at Jun. 30, 2020 (176,249) $ 24 17,727 16,217 (210,217)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation expense 1,404   1,404    
Exercise of common stock options (in shares)   53,445      
Exercise of common stock options 50   50    
Unrealized loss on available-for-sale securities 0        
Foreign currency translation adjustment (2,792)     (2,792)  
Net loss (7,809)       (7,809)
Ending balance (in shares) at Sep. 30, 2020   24,056,020      
Ending balance at Sep. 30, 2020 $ (185,396) $ 24 19,181 13,425 (218,026)
Beginning balance (in shares) at Dec. 31, 2020 40,842,619        
Beginning balance at Dec. 31, 2020 $ 231,503        
Redeemable convertible preferred stock          
Conversion of redeemable convertible preferred stock into Class B common stock in connection with initial public offering (in shares) (42,778,408)        
Conversion of redeemable convertible preferred stock into Class B common stock in connection with initial public offering $ (263,178)        
Series E-1 redeemable convertible preferred stock issuance, net of issuance costs (in shares) 1,935,789        
Series E-1 redeemable convertible preferred stock issuance, net of issuance costs $ 19,951        
Reclassification of preferred stock tranche option liability upon issuance of Series E-1 redeemable convertible preferred stock $ 11,724        
Ending balance (in shares) at Sep. 30, 2021 0        
Ending balance at Sep. 30, 2021 $ 0        
Beginning balance (in shares) at Dec. 31, 2020 24,186,000 24,185,622      
Beginning balance at Dec. 31, 2020 $ (190,178) $ 24 20,602 5,253 (216,057)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation expense 6,396   6,396    
Conversion of redeemable convertible preferred stock into Class B common stock in connection with initial public offering (in shares)   42,778,408      
Conversion of redeemable convertible preferred stock into Class B common stock in connection with initial public offering 263,178 $ 43 263,135    
Issuance of common stock upon initial public offering net of underwriting discounts, commissions and issuance costs (in shares)   12,650,000      
Issuance of common stock upon initial public offering net of underwriting discounts, commissions and issuance costs 289,320 $ 13 289,307    
Issuance of common stock upon exercise of warrants (in shares)   344,085      
Issuance of common stock upon exercise of warrants $ 8,273 $ 1 8,272    
Exercise of common stock options (in shares) 1,900,043 1,563,932      
Exercise of common stock options $ 3,188 $ 1 3,187    
Common stock issued upon vesting of restricted stock units, net of tax withholding (in shares)   179,763      
Common stock issued upon vesting of restricted stock units, net of tax withholding (3,528)   (3,528)    
Unrealized loss on available-for-sale securities 24     24  
Foreign currency translation adjustment 2,045     2,045  
Net loss $ (35,410)       (35,410)
Ending balance (in shares) at Sep. 30, 2021 0 81,701,810      
Ending balance at Sep. 30, 2021 $ 343,308 $ 82 587,371 7,322 (251,467)
Beginning balance (in shares) at Jun. 30, 2021 42,778,408        
Beginning balance at Jun. 30, 2021 $ 263,178        
Redeemable convertible preferred stock          
Conversion of redeemable convertible preferred stock into Class B common stock in connection with initial public offering (in shares) (42,778,408)        
Conversion of redeemable convertible preferred stock into Class B common stock in connection with initial public offering $ (263,178)        
Ending balance (in shares) at Sep. 30, 2021 0        
Ending balance at Sep. 30, 2021 $ 0        
Beginning balance (in shares) at Jun. 30, 2021   25,421,137      
Beginning balance at Jun. 30, 2021 (205,320) $ 25 26,358 4,498 (236,201)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation expense 3,109   3,109    
Conversion of redeemable convertible preferred stock into Class B common stock in connection with initial public offering (in shares)   42,778,408      
Conversion of redeemable convertible preferred stock into Class B common stock in connection with initial public offering 263,178 $ 43 263,135    
Issuance of common stock upon initial public offering net of underwriting discounts, commissions and issuance costs (in shares)   12,650,000      
Issuance of common stock upon initial public offering net of underwriting discounts, commissions and issuance costs 289,320 $ 13 289,307    
Issuance of common stock upon exercise of warrants (in shares)   344,085      
Issuance of common stock upon exercise of warrants 8,273 $ 1 8,272    
Exercise of common stock options (in shares)   328,417      
Exercise of common stock options 718   718    
Common stock issued upon vesting of restricted stock units, net of tax withholding (in shares)   179,763      
Common stock issued upon vesting of restricted stock units, net of tax withholding (3,528)   (3,528)    
Unrealized loss on available-for-sale securities 20     20  
Foreign currency translation adjustment 2,804     2,804  
Net loss $ (15,266)       (15,266)
Ending balance (in shares) at Sep. 30, 2021 0 81,701,810      
Ending balance at Sep. 30, 2021 $ 343,308 $ 82 $ 587,371 $ 7,322 $ (251,467)